| 单词 | pyramid scheme |
| 例句 | It started to become clear to Wes: the drug game was raw capitalism on overdrive with bullets, a pyramid scheme whose base was dead bodies and ruined lives. The Other Wes Moore: One Name, Two Fates 2010-04-27T00:00:00Z He's one giant pyramid scheme: a Warhol factory that farms out his own work to other students under the guise of "teaching," while he himself barely participates. The James Franco academic pyramid scheme 2011-03-30T17:10:00Z The pilot, which drops Sept. 24, focuses on “The Airplane Game,” a fabulous cocktail party slash pyramid scheme that arose in Manhattan and South Florida in the 1980s. The Best New Social Thriller Is a Podcast 2018-09-13T04:00:00Z What’s striking about this pyramid scheme is just how simple it is. Social Media Bots Offer Phony Friends and Real Profit 2014-11-19T05:00:00Z The Church of Scientology is essentially a pyramid scheme. Leah Remini breaks down her experiences with Scientology in a Reddit AMA 2016-11-30T05:00:00Z Karla: Assuming your manager’s multilevel marketing program isn’t actually part of an illegal pyramid scheme, rules about these programs depend on your employer. When your supervisor wants you to buy an expensive product for their side hustle 2017-10-11T04:00:00Z In short, the company was a pyramid scheme. ‘The Rise and Fall of LuLaRoe’ Review: Success? That’s a Stretch. 2021-12-13T05:00:00Z When deductibles become too high, Jonah tries to start a health care fund to pay for them but inadvertently creates a pyramid scheme. ‘Superstore’ Was the Perfect Comedy for Less-Than-Funny Times 2021-03-23T04:00:00Z The Showtime comedy follows new mother Krystal Stubbs as she climbs the ranks of a pyramid scheme, Founders American Merchandise, so she can keep her house. Kirsten Dunst: 'Awards are pretty much all bullshit' 2019-11-20T05:00:00Z To endorse the attractive lie that I have earned, fair and square, whatever success I enjoy, would be to serve as a spokeswoman for a pyramid scheme. In praise of idle hands: Underemployed and unashamed in America 2018-06-22T04:00:00Z What did so many people see in Raniere, the founder of a professional development and women’s empowerment organization that former members allege to have functioned as cover for a skin-branding sex cult and pyramid scheme? Nxivm Had a Cult Leader Made for the Internet 2020-09-14T04:00:00Z "I have a friend," she says, "who says it's a pyramid scheme – but at least it's our pyramid scheme." Lorrie Moore 2010-04-10T23:10:00Z Dear Carolyn: Can you help me convince my gullible friend that multilevel marketing is basically a pyramid scheme? Perspective | Carolyn Hax: When a friend muscles into a conversation, interrupt the interrupter 2019-03-21T04:00:00Z When I first looked at bitcoin, it seemed to me to be a classic pyramid scheme. Everyone Is Getting Hilariously Rich and You’re Not 2018-01-13T05:00:00Z Was Bernard L. Madoff ever tempted to sing about his pyramid scheme? Theater Review: ‘Greed: A Musical for Our Times’ Satirizes Materialism 2014-04-06T19:19:16Z That's like a pyramid scheme of buzz, and it's not exactly charming. "Scott Pilgrim's" Facebook blackmail 2010-06-01T20:26:00Z There's often stigma around getting caught in pyramid schemes of any kind. “Wealth is a higher power”: Amazon's “LuLaRich” & the ultimate suburban white women’s pyramid scheme 2021-09-10T04:00:00Z The show fixates on what it’s like to become deeply involved in a pyramid scheme. Florida Women Are No Joke. I Should Know. 2019-10-11T04:00:00Z The FTC cautions that while some MLMs are legitimate, others are thinly veiled pyramid schemes – illegal enterprises in which people earn money primarily by recruiting others instead of by selling products to the public. A 'miracle' healing gel, a cult-like following, and a fiercely protected empire 2019-05-01T04:00:00Z One of the great movies about vampires, which Abel Ferrara reimagines as a parasitical cult of addiction, a pyramid scheme for spreading evil. The scariest horror films ever – ranked! 2018-06-07T04:00:00Z He calls himself a businessman or a consultant, but he is really running a kind of social pyramid scheme, promising extravagant returns on small investments of kindness and courtesy. Review: Richard Gere as ‘Norman,’ an Aspirational Jewish Fixer 2017-04-13T04:00:00Z In 2004, he opened up about joining the Church of Scientology, an organization suspiciously structured like a pyramid scheme, purported to be a religion, founded by the science fiction writer L. Ron Hubbard. Tom Cruise, our messy messiah of movies 2023-07-25T04:00:00Z He did that sort of pyramid scheme of reporting where one person gave him three more people gave him 10 more people and he always followed. The greatest reporter of our time, and why we should never forget him 2017-04-27T04:00:00Z My bet is that eventually the whole thing will crash, just like every pyramid scheme before. Everyone Is Getting Hilariously Rich and You’re Not 2018-01-13T05:00:00Z He asserted that Constand ran a pyramid scheme at Temple University, where she was an official with the women’s basketball team. In retrial, Bill Cosby’s defense cites ‘money and lots more money’ as accuser’s motivation 2018-04-13T04:00:00Z But there is no need to push this reality to physical extremes, to put my organs in the service of someone even higher above me in the great pyramid scheme. Selling my eggs to make rent 2013-02-03T18:00:00Z How I ended up in a pyramid scheme Topics: , , Recession, , , Names of certain individuals have been changed to protect their identities. How I ended up in a pyramid scheme 2013-05-23T00:00:00Z But without the wealth, he wouldn’t have had the funds to keep paying and paying and paying, in an alleged pyramid scheme set up to provide an endless supply of victims. Perspective | Jeffrey Epstein had many enablers. The most egregious was his wealth. 2019-07-09T04:00:00Z Twenty-three states and two federal agencies investigated and decided it was a pyramid scheme. What makes the NXIVM “sex cult” so awful? An Ayn Rand fan exploiting women’s need for siste... 2018-07-18T04:00:00Z Ultimately, "LuLaRich" explores how LuLaRoe used women's empowerment language as a honey trap to ensnare thousands of women and mothers, even as its founders deny allegations that it's a pyramid scheme to this day. “Wealth is a higher power”: Amazon's “LuLaRich” & the ultimate suburban white women’s pyramid scheme 2021-09-10T04:00:00Z The Gifting Tables was a pseudo-multilevel marketing scam that became popular in Connecticut during the recession, that was eventually exposed as a pyramid scheme. "Murder on Middle Beach" and the frustrations of trying to solve your family's own true crime story 2020-11-23T05:00:00Z In “Scarred,” she describes pouring thousands of dollars into a pyramid scheme that promised personal transformation, studying a philosophy that echoed the teachings of the Landmark Forum, EST, Scientology and Ayn Rand’s objectivism. She Escaped From Nxivm. Now She’s Written a Book About the Sex Cult. 2019-09-17T04:00:00Z His plan to stop pyramid schemes was, lo and behold, a pyramid scheme, and he asked viewers to share the video of his show. Best of 2016: Six times John Oliver made us all smarter this year 2016-12-26T05:00:00Z Some border towns in Southeast Asia have emerged as the centre of cyber scam operations including fake romance ploys, illegal casinos and investment pyramid schemes. South Korea says 19 citizens held captive in Myanmar rescued 2023-11-14T05:00:00Z Federal class-action trial starts in Manhattan, accusing Trump and his company of participating in an illegal pyramid scheme. Factbox: Trump's overlapping legal and political calendar 2023-08-16T04:00:00Z The credit-repair network that functioned as a pyramid scheme by recruiting nearly half a million agents, mostly on social media, with come-ons like, “Who needs negative items removed from their credit report permanently???” The High Cost of Bad Credit 2023-06-07T04:00:00Z A former Premier League defender has been jailed for defrauding friends, family and associates out of £15m in a pyramid scheme. Richard Rufus: Ex-Premier League star jailed over £15m fraud 2023-01-12T05:00:00Z Prosecutors found that Rufus used some of the money invested to pay back others in a pyramid scheme and the rest of the cash to “maintain a lifestyle of an elite professional footballer.” Former Premier League player Richard Rufus jailed for fraud 2023-01-12T05:00:00Z A federal lawsuit accusing former President Donald Trump and his family of promoting a pyramid scheme will finally go to trial on Jan. 29, 2024 – at the start of a presidential election year. Trump lawyers' bid to delay trial over "pyramid scheme" lawsuit just backfired on his 2024 campaign 2022-12-15T05:00:00Z In reality the businesses operated as pyramid schemes, prosecutors said. U.S.: $575M cryptocurrency fraud targeted Western WA victims 2022-11-21T05:00:00Z Law-enforcement agencies, meanwhile, have prosecuted some of the worst actors — unveiling charges in August, for example, against 11 individuals allegedly involved in a $300 million pyramid scheme. Congress took millions from FTX. Now lawmakers face a crypto reckoning. 2022-11-17T05:00:00Z Rufus claimed he was an experienced foreign exchange broker but was in fact using his victims' money to reimburse those who had paid in as part of a pyramid scheme, the statement said. Richard Rufus: Ex-Premier League star jailed over £15m fraud 2023-01-12T05:00:00Z Members who recruited new members got a cut of their recruits’ rewards, a perennial feature of pyramid schemes and an occasional feature of Ponzis. The Crypto Ponzi Scheme Avenger 2022-11-11T05:00:00Z In the book, he calls the American Dream a “pyramid scheme.” How a 'Call Me Kat' actor decided he wanted to be more than 'Brown Enough' 2022-10-10T04:00:00Z Instead it adds to the economic insecurity of Californians who end up buying into what is essentially a pyramid scheme of unsafe real estate, in which the developers are the only winners. Every burned town is tragic. But Newsom needs to lead with science, not sentiment 2022-09-29T04:00:00Z I hate multilevel marketing programs; it’s wrong to say that MLMs are, de facto, pyramid schemes, but they feel that way to many people. Money nerd or abundance mindset? Find your own path 2022-09-17T04:00:00Z In scathing, often florid language, the report compared the board to a "pyramid scheme," a "self-styled illuminati" and a fish that "rots from the head down." Ron DeSantis’ school board coup: Critics say he “hijacked” Parkland grief 2022-09-02T04:00:00Z The biggest among them was a pyramid scheme organized by the New York financier Bernard Madoff, who had defrauded his investors by at least $18 billion. U.S. History 2014-12-30T00:00:00Z It allegedly operated as a pyramid scheme for more than two years, in which investors earned profits by recruiting others into the scheme, the SEC said. U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme 2022-08-01T04:00:00Z She also had a penchant for pyramid schemes and was averse to many basics of parenting; she ricocheted in and out of relationships, bouncing the trio around Southern California as her addictions dragged her down. The secrets, lies and many half siblings of an L.A. writer's not-so-'Normal Family' 2022-07-13T04:00:00Z They discovered that he was a part of a pyramid scheme, according to state media. ‘An Invisible Cage’: How China Is Policing the Future 2022-06-25T04:00:00Z A lawyer for Johnson did not immediately respond to requests for comment on what specific evidence his client has or expects to have that proves Dogecoin is worthless and the defendants ran a pyramid scheme. Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme 2022-06-16T04:00:00Z Responding to the announcement of the academy on Twitter, many users accordingly labelled the project a “pyramid scheme.” Jay-Z and Jack Dorsey criticized for launching ‘Bitcoin Academy’ in rapper’s childhood home 2022-06-10T04:00:00Z These collectives were asked to invite other artists, who in turn invited still others, like a virtuous pyramid scheme. A Radical Collective Takes Over One of the World’s Biggest Art Shows 2022-06-09T04:00:00Z White and her fellow skeptics say the traditional media has mishandled the story, treating bitcoin as an exciting innovation while underplaying the idea it could be a giant pyramid scheme. First she documented the alt-right. Now she’s coming for crypto. 2022-05-29T04:00:00Z The private equity industry has grown into a pyramid scheme that will create casualties in around three to five years, the chief investment officer of Europe's biggest asset manager said on Wednesday. Asian shares fall on inflation, recession concerns; oil skids 2022-06-02T04:00:00Z Much like in a pyramid scheme, early adopters benefit from bringing newcomers into the fold: additional traders will drive up the value of their existing assets. Cryptocurrencies and NFTs Are a Buyer Beware Market 2022-05-02T04:00:00Z That hype also benefits people who get in early on the new currencies, which is part of what fuels arguments that cryptocurrency startups too closely resemble pyramid schemes. Money for nothing: Cities’ crypto push draws fans, critics 2022-02-08T05:00:00Z Federal Trade Commission that it was operating a sophisticated pyramid scheme, and another $123 million in 2020 to settle federal charges that it engaged in bribery and other corrupt acts in China. This scientist accused the supplement industry of fraud. Now, his own work is under fire 2022-02-01T05:00:00Z The whole thing had an air of a pyramid scheme to it. The crytpo crash isn't just tulip-trading — it's a result of the toxic entitlement that led to Trump 2022-01-26T05:00:00Z But then the family savings disappeared in a pyramid scheme. Review | When communism crumbled, so did an 11-year-old’s reality 2022-01-21T05:00:00Z “How this hasn’t been identified as a pyramid scheme is beyond me” Many quotes directly from developers were scathing. Many game developers hate NFTs, too 2022-01-20T05:00:00Z This gave way in later years, one prosecutor, Lara Pomerantz, told the jury, to a “pyramid scheme” in which victims recruited other young girls. Maxwell Prosecutors Won Their Case but Shed Little New Light on Epstein 2021-12-30T05:00:00Z Prosecutors, meanwhile sought to link the duo as "partners in crime" who ran a "pyramid scheme of abuse". Ghislaine Maxwell: Survivors speak of relief after guilty verdict 2021-12-30T05:00:00Z During the month-long trial, Maxwell's lawyers argued that she was a scapegoat for Epstein's crimes while prosecutors sought to link the duo as "partners in crime" who ran a "pyramid scheme of abuse". Ghislaine Maxwell guilty of helping Jeffrey Epstein abuse girls 2021-12-29T05:00:00Z Prosecutors told jurors that by this time period, Maxwell had devised a pyramid scheme of abuse that no longer required her to personally find young girls for Epstein. Ghislaine Maxwell: How accusers' testimony brought her down 2021-12-29T05:00:00Z “How this hasn’t been identified as a pyramid scheme is beyond me,” one wrote. Many game developers hate NFTs, too 2022-01-20T05:00:00Z Earlier this month, prosecutors called two dozen witnesses over 10 days as they built a narrative of Ms Maxwell as a predator who had pursued a "pyramid scheme of abuse" with Epstein. Ghislaine Maxwell jury faces longer hours because of Covid 2021-12-28T05:00:00Z It has been compared to a pyramid scheme, but defenders say it’s no more or less an asset than sneakers, paper money or stocks. People really are giving NFTs as gifts. Results may vary 2021-12-23T05:00:00Z Earlier this month, prosecutors called two dozen witnesses over 10 days as they built a narrative of Ms Maxwell as a predator who built a "pyramid scheme of abuse" with Epstein. Prosecutors call Ghislaine Maxwell 'sophisticated predator' in closing arguments 2021-12-20T05:00:00Z Over two weeks of testimony that ended last Friday, prosecutors built a narrative of the duo as "partners in crime" running "a pyramid scheme of abuse". Ghislaine Maxwell trial: Defence attorneys begin arguments 2021-12-16T05:00:00Z Over the past two weeks, prosecutors sought to portray her as an accomplice to Epstein, a convicted sex offender, calling them "partners in crime" who built "a pyramid scheme of abuse". Ghislaine Maxwell trial: Prosecutors wrap up after 10 days 2021-12-10T05:00:00Z Carolyn offered some of the most explicit descriptions so far at the New York trial of Maxwell’s alleged grooming of underage victims, who prosecutors say were lured into “a pyramid scheme of abuse.” Woman says Maxwell abused her at age 14 2021-12-07T05:00:00Z Maxwell and Epstein created a "pyramid scheme of abuse," encouraging "girls to bring other girls." Ghislaine Maxwell is 'dangerous predator' who 'served up' minors for Jeffrey Epstein to abuse, prosecutors say 2021-11-30T05:00:00Z In later years, Ms. Pomerantz said, Mr. Epstein and Ms. Maxwell abandoned the “cover of scholarships” and instead “devised a pyramid scheme of abuse,” in which they encouraged girls to bring in other girls. Ghislaine Maxwell’s Trial Opens, With Epstein at Its Center 2021-11-29T05:00:00Z I also said that I think NFTs are a pyramid scheme. I spent hours waiting to find out what an NFT looks like IRL 2021-11-06T04:00:00Z Authorities in Belgium warned investors SkyWay had “the characteristics of a pyramid scheme.” Skypod firm in UAE tied to investment company flagged abroad 2021-10-28T04:00:00Z If your big payoff depends on the recruitment of others, you are probably being enticed into a pyramid scheme. Perspective | Covid has meant a cash bonanza for scammers. These people are fighting back against the fraudsters. 2021-10-01T04:00:00Z I've begun to wonder just what it means to be a participant, however minor, in the pyramid scheme that higher education has become in the years since I went to college. Is higher education a pyramid scheme? 2021-09-05T04:00:00Z The traditional finance system is of course littered with victims of large-scale pyramid schemes and other fraud which probably outweigh the losses in the cryptocurrency world. The real victims of mass crypto-hacks that keep happening 2021-08-25T04:00:00Z The dream becomes a pyramid scheme in which cynics rule and true believers lose out. How California's culture industry manufactured the California dream 2021-04-15T04:00:00Z It's important to note the difference between pyramid schemes and multi-level marketing schemes. MLM schemes in the UK: The 'cult-like' beauty businesses in your DMs 2021-02-25T05:00:00Z The FTC says it was a pyramid scheme. Perspective | Covid has meant a cash bonanza for scammers. These people are fighting back against the fraudsters. 2021-10-01T04:00:00Z It was a classic pyramid scheme, even if cleverly dressed up in language about women's natural ability to generate abundance, just as we gestate children in our miraculous wombs. Is higher education a pyramid scheme? 2021-09-05T04:00:00Z In the style of a classic pyramid scheme, some money was used to repay early investors but most lost their money to Chen, authorities said. Californian gets 10 years for $147M global investment scam 2021-01-11T05:00:00Z The crackdown, "Operation Income Illusion," involves more than 50 law enforcement actions against work-from-home and employment scams, pyramid schemes, investment scams and bogus coaching courses, among other schemes, the FTC said. FTC cracks down on investment scams, files complaints 2020-12-16T05:00:00Z The very nature of the sou-sou or gifting pyramid scheme is that you put in money with the explicit expectation of receiving a large payoff. Perspective | Illegal pyramid schemes are on the rise during the pandemic 2020-08-07T04:00:00Z He said some of the solicitations “are absolute pyramid schemes.” Startups cash in on racial justice reckoning with costly police bias courses 2020-07-22T04:00:00Z In 2018, the FTC sued to shut down Cardiff and a different company operated by him and his wife, describing it as a pyramid scheme. A federal agency was suing him for fraud. The Trump admin still paid his company millions for masks 2020-07-11T04:00:00Z In reality, OneZero reports, it was more of a social media pyramid scheme. Go read this powerful OneZero investigation into a digital-focused cult 2020-06-24T04:00:00Z The internet is dripping with posts from former Cutco salespeople who say the company is little more than a pyramid scheme aimed at enriching senior managers. Column: Beware of this 'important opportunity' for job-seeking students 2020-06-23T04:00:00Z Frosh said his office has seen an uptick in pyramid schemes as the pandemic has resulted in massive job losses. Perspective | Illegal pyramid schemes are on the rise during the pandemic 2020-08-07T04:00:00Z A federal judge on Monday rejected President Donald Trump's bid for a stay in a class-action lawsuit accusing him and his eldest children of engaging in a pyramid scheme. Judge rejects Trump's bid to stay lawsuit accusing his family of promoting “pyramid scheme” 2020-05-19T04:00:00Z He ran casinos into the ground, he promoted a pyramid scheme, he slapped his name on a fake university. Trump doesn’t know how to be president — so he's drafted us into his own reality TV show 2020-04-26T04:00:00Z Opponents accuse the group of fleecing acolytes in what they say amounts to a pyramid scheme. Inside the Fringe Japanese Religion That Claims It Can Cure Covid-19 2020-04-16T04:00:00Z Victims told media the initiative was actually a pyramid scheme and demanded damages of more than $65 million from the company. Jailed Ronaldinho facing multiple issues off the pitch 2020-03-09T04:00:00Z Even if participating in a sou-sou pyramid scheme doesn’t bring grief directly to your door, it eventually will for others, and that makes it a corrupt way to enrich yourself. Perspective | Illegal pyramid schemes are on the rise during the pandemic 2020-08-07T04:00:00Z White believes in a school of thought called “prosperity theology,” which sounds a lot like a pyramid scheme. 'Satanic wombs': the outlandish world of Trump's spiritual adviser 2020-01-27T05:00:00Z This is the great pyramid scheme whereby every public improvement, airport, bridge, tunnel or mass transit system has to tithe to investors who demand a piece of the action. Reconciling Dr. King’s 1968 dream and our 2020 nightmare 2020-01-12T05:00:00Z The BBB is cautioning consumers that such promotions via social media are pyramid schemes where the wine stops flowing once people stop participating in the exchange. Last-minute gift buying can drain your wallet 2019-12-18T05:00:00Z The BBB is warning consumers that such promotions via social media are pyramid schemes — where the wine stops flowing once people stop participating in the exchange. Last-minute gift buying: 5 scenarios that will drain your wallet 2019-12-17T05:00:00Z When there is nothing of value to sell, though, and all the money is made by recruiting other people, it is illegal and goes by another name: a pyramid scheme. Cryptoqueen: How this woman scammed the world, then ran 2019-11-23T05:00:00Z In that case, the agency stopped short of labeling the operation a pyramid scheme. Health Company Touted by Sports Stars Ran Pyramid Scheme, F.T.C. Says 2019-10-02T04:00:00Z AdvoCare International, the multilevel marketing health and wellness company endorsed by New Orleans Saints quarterback Drew Brees, will pay $150 million to settle U.S. charges that it operated an illegal pyramid scheme. ADP survey: Hiring slowed in September as Trump’s trade war takes a toll on the economy 2019-10-02T04:00:00Z It’s just another pyramid scheme and tithing to the top is required. Hunter Biden’s great Ukrainian Gas adventure 2019-09-28T04:00:00Z Enter the new age pirates of the Caribbean, the same crew that figured how to build a pyramid scheme that enriched themselves and crushed millions of American homeowners in the Great Recession. Lessons from the Puerto Rican insurrection: "When tyranny is the law, revolution is the order." 2019-07-28T04:00:00Z It wasn't just a fake cryptocurrency, it was an old-fashioned pyramid scheme, with the fake coin as its "product". Cryptoqueen: How this woman scammed the world, then ran 2019-11-23T05:00:00Z According to The Hollywood Reporter, Alexander, who is best known for his role as George Costanza, will play Nicky Steele, “the eccentric head of a weight loss tea pyramid scheme and hero to Barnett’s character.” 'Seinfeld' star Jason Alexander joins cast Christian-mocking comedy film 'Faith Based' 2019-07-11T04:00:00Z The indictment also alleges that Mr. Epstein would pay some of these victims to recruit others, creating a sort of sex pyramid scheme, and that the victims were as young as 14 years old. Opinion | The Jeffrey Epstein charges raise grave questions about Alexander Acosta 2019-07-10T04:00:00Z Structurally, MLMs are akin to pyramid schemes – once someone signs up under you, you become their “upline” and take a portion of their earnings. 'They have you in a cultish grip': the women losing thousands to online beauty schemes 2019-06-01T04:00:00Z Pope’s pyramid scheme was one of several ideas he submitted in a competition with fellow New Yorker Henry Bacon. The Lincoln Memorial as a pyramid? That wasn’t the craziest idea pitched a century ago. 2019-05-29T04:00:00Z OneCoin was a familiar scam with a digital twist - a new and hugely successful take on the old pyramid scheme. Cryptoqueen: How this woman scammed the world, then ran 2019-11-23T05:00:00Z Talking to him and Lee-Makiyama, you get the sense that China’s economy is closer to a pyramid scheme than a truly thriving and flourishing giant. China has no good options for retaliating against Trump’s Huawei ban 2019-05-29T04:00:00Z Constructed like a pyramid scheme, levels of "slaves" were managed by "masters". Six shocking things from the Nxivm sex cult trial 2019-05-27T04:00:00Z “In pyramid schemes, you’re just selling the opportunity to make money.” 'They have you in a cultish grip': the women losing thousands to online beauty schemes 2019-06-01T04:00:00Z Prosecutors allege the group mirrors a pyramid scheme, in which members paid thousands of dollars for courses to rise within its ranks. US actress pleads guilty in 'sex cult' case 2019-04-08T04:00:00Z I just listened to “The Dream,” about pyramid schemes. How Andrew Rannells, Actor, Spends His Sundays 2019-03-15T04:00:00Z She admitted that she later lost her way when she joined efforts to spy on perceived enemies seeking to expose the Albany-based group as a cross between a pyramid scheme and a cult. National Digest: Founder of self-help group with celebrities as members pleads guilty to conspiracy 2019-03-13T04:00:00Z But she admitted that she later lost her way when she joined efforts to spy on perceived enemies seeking to expose the Albany-based group as a cross between a pyramid scheme and a cult. Guilty plea, new charges in New York sex slave case 2019-03-13T04:00:00Z So, now that we have tracked the historic building of this US debt pyramid scheme, lets step back and behold its towering dimensions. AOC's 70 percent billionaire tax is not high enough; 90 percent is more like it 2019-02-03T05:00:00Z CrossFit is what you talk about when your pyramid scheme fails. Opinion | I Explain All the Sports 2019-02-01T05:00:00Z The less pretty term for this is a pyramid scheme. How MLMs — multilevel marketing schemes — can hurt female friendships | Produced by Advertising Publications 2019-01-30T05:00:00Z The less pretty term for this is “pyramid scheme.” Perspective | How MLMs are hurting female friendships 2019-01-21T05:00:00Z He first bought the stock in late 2012, betting against fellow investor William Ackman, who shorted the stock and publicly crusaded against the company’s business model, saying it was a pyramid scheme. Herbalife CEO Richard Goudis Resigns 2019-01-09T05:00:00Z The lead Palm Beach police detective on the case, Joseph Recarey, said Epstein’s operation worked like a sexual pyramid scheme. Perversion of Justice: How a future Trump Cabinet member gave a serial sex abuser the deal of a lifetime 2018-12-02T05:00:00Z He was sentenced to 150 years in prison for the $65bn fraud, considered the largest Ponzi or pyramid scheme in history. Bernie Madoff scam victims receive $695m from compensation fund 2018-11-29T05:00:00Z How do you make sure you don’t come off as a pyramid scheme? Gregg Renfrew of Beautycounter on Toxic Chemicals and Getting Fired by Messenger 2018-11-21T05:00:00Z However, the pyramid analogy is also fitting because at the time this place feels like a pyramid scheme. Our new column from inside Amazon: 'They treat us as disposable' 2018-11-21T05:00:00Z But with staggering speed, VBS was allegedly transformed into a slush fund for corrupt politicians, local government leaders and their business cronies, by way of a breathtakingly elaborate and cynical pyramid scheme. The 'bank heist' that sparked a parliamentary brawl 2018-11-07T05:00:00Z The company, which Ackman thought would be ruled a pyramid scheme, is still in business after a $200 million negotiated settlement with the Federal Trade Commission. Activist investor Bill Ackman takes stake in Starbucks amid U.S. growth slump - Los Angeles Times 2018-10-09T04:00:00Z And rest assured it is another Trump pyramid scheme. A Labor Day warning: We’re all working to support Donald Trump’s empire of debt. What if it f... 2018-09-03T04:00:00Z Well, you can start by not calling it a pyramid scheme. Gregg Renfrew of Beautycounter on Toxic Chemicals and Getting Fired by Messenger 2018-11-21T05:00:00Z Last year, as the price gains of cryptocurrencies like Bitcoin and Ether were generating daily headlines, some fund managers went on the attack, calling the sector a pyramid scheme. If Fund Managers Back Bitcoin 2018-06-28T04:00:00Z The F.B.I. accused Raniere of “a disgusting abuse of power in his efforts to denigrate and manipulate women he considered his sex slaves ... within this unorthodox pyramid scheme.” The ‘Sex Cult’ That Preached Empowerment 2018-05-30T04:00:00Z “Or a woman who is briefly at Temple running a pyramid scheme?” she added, referring to Ms. Constand. Who’s the Con Artist in the Cosby Case? Both Sides Point Fingers. 2018-04-24T04:00:00Z The chamber voted Tuesday to clarify that a pyramid scheme is any plan that primarily compensates individuals for recruiting others and not through actual product sales. House passes new Pyramid Promotional Scheme Act 2018-04-24T04:00:00Z Many banks are on the brink of insolvency, in part because of pyramid schemes that swindled millions of poor Iranians. Mullahs rig the price of moolah in Iran 2018-04-19T04:00:00Z It looks like a vintage pyramid scheme, rebooted for the social media era using a model of e-marketing that has boomed over the last 20 years. Fake it till you make it: meet the wolves of Instagram |Symeon Brown 2018-04-19T04:00:00Z Prosecutors said it could not have been a pyramid scheme because the solicitation invited people to buy products like software. Cosby Team Cites Phone Records as It Tries to Discredit Accuser 2018-04-16T04:00:00Z He called the company a fraud, saying it was running an illegal pyramid scheme where distributors earn more for wooing new recruits than for selling the products. Icahn bets on Newell, praises Herbalife management 2018-03-01T05:00:00Z The new classification more obviously sets distinctions between pyramid schemes and traditional direct selling companies such as Amway, which testified in support of the bill. House passes new Pyramid Promotional Scheme Act 2018-04-24T04:00:00Z For years Ackman claimed Herbalife was running an illegal pyramid scheme in which distributors of its diet shakes and other products earned more money from bringing recruits into the network than selling. Ackman ends public battle with Herbalife, takes stake in United... 2018-02-28T05:00:00Z Instead, his travels took him in search of other victims of pyramid schemes. Pyramid schemes cause huge social harm in China 2018-02-01T05:00:00Z The defense, for example, has accused her of running a pyramid scheme over six months during her time at Temple, suggesting she sent emails to solicit money as part of a scam. Cosby Team Cites Phone Records as It Tries to Discredit Accuser 2018-04-16T04:00:00Z He called the company a fraud, saying it was running an illegal pyramid scheme where distributors earn more for wooing new recruits than for selling the products. Icahn bets on Newell, praises Herbalife management 2018-03-01T05:00:00Z Despite the seriousness of the crimes committed — a pyramid scheme that mostly targeted seniors — the film is a played-straight comic portrayal of an outrageous flimflam man and the equally exaggerated characters who surround him. What to watch with your kids: ‘Maze Runner: The Death Cure,’ ‘Trolls: The Beat Goes On!’ and more 2018-01-25T05:00:00Z For years Ackman claimed Herbalife was running an illegal pyramid scheme in which distributors of its diet shakes and other products earned more money from bringing recruits into the network than selling. Ackman ends public battle with Herbalife, takes stake in United... 2018-02-28T05:00:00Z Experts say that, increasingly, pyramid schemes are moving onto the internet. Pyramid schemes cause huge social harm in China 2018-02-01T05:00:00Z In college, Ms. Holzer blames her brother for losing $2,000 of her money in what they both call a pyramid scheme. Let Me Tell You Some More About Bitcoin—Hello? Hello? 2018-01-19T05:00:00Z Four government agencies last year announced a crackdown on the marketing model, which critics denounce as a pyramid scheme. Amway Made China a Billion-Dollar Market. Now It Faces a Crackdown. 2018-01-08T05:00:00Z Jack Black brings all of his boisterous, mischievous energy to the tricky part of Jan Lewan, a regionally popular musician who bilked his elderly fans in what amounted to a pyramid scheme. New video: 'It' tapped into Stephen King's special brand of horror 2018-01-06T05:00:00Z As with any pyramid scheme, these new cash injections would then be used to pay off the earlier backers. Thai fraudster sentenced to 13,275 years 2017-12-29T05:00:00Z Ackman held news conferences calling for regulatory and criminal investigations into Herbalife, alleging that the company’s network of distributors was effectively a pyramid scheme. ‘Journalism for rent’: Inside the secretive firm behind the Trump dossier 2017-12-11T05:00:00Z Betsy Stover was 17 when her mother asked her to help fax strangers, hawking a service that had the markings of a pyramid scheme. The company that has turned your Facebook friends into a leggings sales force – LA Times 2017-12-11T05:00:00Z In a statement, an Amway vice president, Scott Balfour, said the company welcomed the crackdown, saying it would distinguish pyramid schemes from legitimate direct selling. Amway Made China a Billion-Dollar Market. Now It Faces a Crackdown. 2018-01-08T05:00:00Z The money was from TelexFree, a defunct internet phone company authorities say was a massive pyramid scheme. Man whose led officials to $20M in box spring pleads guilty 2017-10-19T04:00:00Z In the mid-1990s, several state attorneys general investigated it as a suspected pyramid scheme; Mr. Raniere and his associates agreed to shut it down. Inside a Secretive Group Where Women Are Branded 2017-10-17T04:00:00Z But the government recently warned that pyramid schemes were spreading faster and getting bigger, in part through social media. As China’s Economy Slows, ‘Business Cults’ Prey on Young Job Seekers 2017-09-27T04:00:00Z One of those suits, filed in October, seeks $1 billion in damages and alleges LuLaRoe operated a pyramid scheme, enriching itself by primarily selling inventory to its distributors, or sales consultants, rather than its customers. The company that has turned your Facebook friends into a leggings sales force – LA Times 2017-12-11T05:00:00Z But the job was a scam and Mr Li was swept into the web of a gang running a pyramid scheme. China hit by financial scam 'epidemic' 2017-09-18T04:00:00Z If you think this sounds a bit like a pyramid scheme, you're not wrong! China bans initial coin offerings calling them 'illegal fundraising' - BBC News 2017-09-05T04:00:00Z He accused officials in the city of Yongzhou, in Hunan Province, of threatening to label Shanxinhui a pyramid scheme if the company did not pay off the politicians. Pyramid Investigation Has Investors Protesting Near Heart of Beijing 2017-07-24T04:00:00Z A recent mass protest in Beijing reinforced such fears: The demonstrators were not demanding compensation or an investigation into a pyramid scheme but protesting the arrest of its founder. As China’s Economy Slows, ‘Business Cults’ Prey on Young Job Seekers 2017-09-27T04:00:00Z Cybersecurity researchers now call it Popcorn Time, an attack last year that was the first attempt to combine a Ponzi, or pyramid scheme, with malware that holds a computer hostage for payment. Ponzi scheme meets ransomware for a doubly malicious attack 2017-06-11T04:00:00Z Chinese social media site Weibo is awash with talk of pyramid schemes. China hit by financial scam 'epidemic' 2017-09-18T04:00:00Z Online attackers are finding increasingly creative ways to wreak havoc using ransomware and now pyramid schemes. Qatar, Iran, Theresa May: Your Morning Briefing 2017-06-07T04:00:00Z “Many people don’t understand us and call us a pyramid scheme,” Ms. Li said. Pyramid Investigation Has Investors Protesting Near Heart of Beijing 2017-07-24T04:00:00Z Previously he had lost quite a bundle on his efforts to bet against Herbalife, a supplements company he compared to a pyramid scheme. Apologies. Really. And I Will Definitely Grow Up. 2017-04-15T04:00:00Z But the regulator stopped short of calling the company a pyramid scheme and did not shut it down, so many interpreted the ruling as an Herbalife victory. Betting on Zero: Herbalife doc feeds investors' feud as director claims 'dirty tricks' 2017-04-11T04:00:00Z According to writer-director Ted Braun’s fascinating documentary “Betting on Zero,” there’s been a venal pyramid scheme masquerading in plain sight as a can’t-miss business opportunity. Doc 'Betting on Zero' chronicles a big short on Herbalife 2017-03-16T04:00:00Z An Indago Group report was blunt: Herbalife was “a pyramid scheme whose revenue comes not from retail sales of its products, as it contends, but from capital lost by failed investors in its business opportunity.” Financiers Fight Over the American Dream 2017-02-26T05:00:00Z “The business model was also to constantly expand and to plunder the areas that were becoming part of the caliphate. It was essentially a pyramid scheme which relied upon constant expansion,” Neumann said. Report: Islamic State group's 'business model' near collapse 2017-02-17T05:00:00Z The cash is believed to be linked to a $1bn pyramid scheme involving TelexFree, a company that claimed to provide internet phone services. Massachusetts mattress conceals $20m in cash - BBC News 2017-01-24T05:00:00Z The film, Betting on Zero, asked if the company was a vast pyramid scheme that bilked hundreds of thousands of poor, vulnerable people in the US and across the world. Betting on Zero: Herbalife doc feeds investors' feud as director claims 'dirty tricks' 2017-04-11T04:00:00Z The FTC investigators sharply criticized the company’s practices but fell short of determining it was an illegal pyramid scheme. Herbalife distributors who lost money get some back 2017-01-10T05:00:00Z The company, he would argue, was a pyramid scheme. Financiers Fight Over the American Dream 2017-02-26T05:00:00Z The Federal Trade Commission once investigated the company for running a pyramid scheme before concluding that it had misled potential recruits about how much they could expect to earn. Betsy DeVos, Trump’s Education Pick, Plays Hardball With Her Wealth 2017-01-09T05:00:00Z While it sounds great to buy one gift and get 36 in return, it’s a variation on a pyramid scheme and is illegal. Preventing not-so-happy holidays fraud 2016-12-12T05:00:00Z Commissions were awarded for recruiting new investors - a feature described by pyramid scheme experts as a "red flag". Winning Express betting scheme investors fear money lost - BBC News 2016-12-02T05:00:00Z Herbalife repeatedly denied the allegations and the fact that the FTC did not explicitly call it a pyramid scheme suggested to some that the government believes the company's business model is sound. Icahn says Herbalife is undervalued, business can create jobs 2016-11-16T05:00:00Z It was the key question to be asked of a suspected pyramid scheme, and Herbalife’s executives seemed alarmed. Financiers Fight Over the American Dream 2017-02-26T05:00:00Z The agency’s order endorsed many of Mr. Ackman’s claims that Herbalife had taken advantage of consumers, but regulators stopped short of declaring the company an illegal pyramid scheme, as Mr. Ackman had hoped. William Ackman’s 2016 Fortune: Down, but Far From Out 2016-11-15T05:00:00Z Also, the hapless Mr. Polepetsi, the agency’s sometime assistant, requires rescue from a pyramid scheme. Crime fiction roundup: Missing nannies, Derby doping and the return of Harry Bosch 2016-11-10T05:00:00Z The Winning Express was allegedly run by Graham Bradbury, 69, who had previously been banned from being a company director for running a pyramid scheme. Winning Express betting scheme investors fear money lost - BBC News 2016-12-02T05:00:00Z But Oliver believes that these companies’ business models look very similar to pyramid schemes and according to at least one Youngevity saleswoman in a corporate video, it is a “pyramid scheme thing.” John Oliver Lays into 'Pyramid Schemes' on Last Week Tonight 2016-11-07T05:00:00Z The New York Post went with “herbalife no pyramid scheme: ftc.” Financiers Fight Over the American Dream 2017-02-26T05:00:00Z In July, The Federal Trade Commission closed its investigation of the company without labeling it a pyramid scheme, though its description of the business model was essentially that of a pyramid scheme. Carl Icahn takes an even larger stake in Herbalife 2016-11-04T04:00:00Z It was under his tenure that Mr. Ackman emerged as a ferocious critic of Herbalife, accusing it of being a pyramid scheme and betting that the company’s stock would fall to zero after government intervention. Chief Who Guided Herbalife Through Troubles Will Step Down 2016-11-01T04:00:00Z Rachel Adamson, a partner at Stephenson's Solicitors and pyramid scheme expert, said there were numerous red flags. Winning Express betting scheme investors fear money lost - BBC News 2016-12-02T05:00:00Z Coming from the outside, it looks like one big pyramid scheme to me. The Price of Australia’s Real Estate Boom 2016-10-17T04:00:00Z Still, it can be hard to distinguish between enterprises that are legally considered fraudulent and those which aren’t, and no specific statute outlaws pyramid schemes. Financiers Fight Over the American Dream 2017-02-26T05:00:00Z In 1973, Mr. Dirks uncovered a pyramid scheme at a publicly held insurance company. Supreme Court Case to Test Prosecution of Insider Trading 2016-10-04T04:00:00Z When his pyramid scheme and others like it brought down the Albanian economy in 1997 he was arrested and found guilty of stealing $325m from his fellow citizens. Jeremy Corbyn, dodgy dealer 2016-09-29T04:00:00Z Federal regulators recently ordered the company to change its sales practices, but it did not agree with Wall Street critics that it was a pyramid scheme. Wall St. Slips After Yellen Speech 2016-08-26T04:00:00Z The "Amber Gold" financial scam was a pyramid scheme that exemplifies these ills, the party leaders say. Poland probes financial scam that could see Tusk testify 2016-09-07T04:00:00Z Maybe the company wasn’t especially virtuous, Herbalife’s defenders reasoned, but this didn’t mean that it was provably a pyramid scheme, or couldn’t survive by adjusting its business practices. Financiers Fight Over the American Dream 2017-02-26T05:00:00Z The FTC did not label Herbalife as a pyramid scheme, a victory for the company, but its description of its business model was essentially how a pyramid scheme operates. Herbalife hit by report that Icahn wants out 2016-08-26T04:00:00Z Last month, Herbalife agreed to pay $200 million in a settlement that requires significant changes to its business practices but allows the nutritional-products company to avoid being classified as a pyramid scheme. Herbalife Swings to Loss but Boosts Outlook 2016-08-03T04:00:00Z But it stopped short of using the words “pyramid scheme.” California Inc.: Bam! Pow! It's Comic-Con time! 2016-07-18T04:00:00Z Several years ago, Ackman began accusing the nutritional supplement company of running a pyramid scheme. Herbalife agrees to pay $200 million in settlement over marketing practices 2016-07-15T04:00:00Z Herbalife, the supplements company, avoided being classified as a pyramid scheme by the Federal Trade Commission but agreed to pay $200 million to resolve accusations of deception. Turkey, Nice, Presidential Race: Your Friday Evening Briefing 2016-07-15T04:00:00Z HLF 9.92 % , as the nutritional products company struck a settlement with regulators that, while critical of the firm, stopped short of calling it a pyramid scheme. Ackman Dealt Blow as Herbalife Settles With FTC 2016-07-15T04:00:00Z The supplement retailer agreed to pay $200 million to end a government investigation, and avoided charges that it operated as a pyramid scheme. Herbalife and Ironwood advance; Infosys and Fairmount drop 2016-07-15T04:00:00Z The agreement will be difficult to implement, said Robert FitzPatrick, who formed Pyramid Scheme Alert in 2000 to monitor and oppose pyramid schemes. Herbalife settles pyramid scheme case with regulator, in blow to Pershing's Ackman 2016-07-15T04:00:00Z Such a pyramid scheme of constantly recruiting new users in order to support the old ones could only work so long as Apple kept bringing in masses of iOS neophytes. App subscriptions were always inevitable 2016-06-09T04:00:00Z When hundreds of Chinese realized they’d been fleeced in a pyramid scheme recently, they found a way to leap the Great Firewall and organize on Twitter. Before a new iron curtain falls 2016-06-07T04:00:00Z The herbal supplement company said it’s in advanced talks to settle a government investigation into allegations it is a pyramid scheme. Square and Endo tumble while Herbalife and Activision jump 2016-05-06T04:00:00Z He's claimed that Herbalife is running a pyramid scheme, which involves making money by recruiting more salespeople instead of through selling products. Herbalife's stock is surging in Friday premarket trading after the company disclosed it's in advanced talks to possibly settle an FTC investigation into claims that it's a pyramid scheme 2016-05-06T04:00:00Z Then I moved to Los Angeles and for some ungodly reason I joined the pyramid scheme known as Columbia House CD Club and ordered 8 CD's for a penny. What did Prince mean to you? 2016-04-21T04:00:00Z Pershing has also made a large bet against Herbalife, the nutrition company that has attracted scrutiny from regulators, who accuse it of being a pyramid scheme. Ackman Defends Pershing Square’s Large Stake in Valeant 2016-04-06T04:00:00Z Among them: he has been an adviser to Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme. Ex-LA mayor appears poised to enter 2018 governor’s race 2016-03-20T04:00:00Z Herbalife, the seller of supplements and weight-loss products that is under federal investigation as a potential pyramid scheme, said that because of a database error it overstated its worldwide membership growth in 2015. Herbalife Says Database Error Led to Misstatement of Growth 2016-03-03T05:00:00Z Herbalife Ltd., the seller of nutritional supplements currently under federal investigation as a potential pyramid scheme, overstated its worldwide growth in 2015. Herbalife cuts 2015 growth figure in half, blaming database error 2016-03-03T05:00:00Z Thanks to that pyramid scheme I was never NOT listening to it. What did Prince mean to you? 2016-04-21T04:00:00Z In the 2000s a pyramid scheme made many townsfolk rich, then ruined them. Border bazaar 2016-02-11T05:00:00Z Many are doubtless proper businesses but financial information in China is not reliable enough to help investors tell pyramid schemes from ventures that are honest. Ponzis to punters 2016-02-04T05:00:00Z A Ponzi scheme is much like a pyramid scheme and is viewed as a fraudulent investment operation that offers unusually high returns on short term investments. Chinese officials arrest 21 people over $7.6bn 'scam' - BBC News 2016-02-01T05:00:00Z It hit $500 last month for the first time since August last year, with Chinese demand for a pyramid scheme set up by a Russian fraudster cited as a reason for the price surge. Record highs predicted for bitcoin in 2016 as new supply halves 2015-12-23T05:00:00Z In general, writes Chayes, kleptocratic countries operate very much as pyramid schemes, with people at one level paying those at the next for the privilege of extracting money from those below. We’re living in a kleptocracy: America robs from its poor — while its infrastructure crumbles 2015-11-29T05:00:00Z A federal judge dismissed a lawsuit accusing Herbalife and its chief executive, Michael Johnson, of defrauding shareholders by misrepresenting that the weight-loss and nutritional products company complied with laws designed to prevent pyramid schemes. Business recap: Week of Nov. 23 2015-11-27T05:00:00Z Amid much fanfare nearly three years ago, Ackman alleged publicly that Herbalife, a Los Angeles nutritional products company, was operated as a pyramid scheme and that its shares would fall to zero. Investor Ackman defends Valeant in 4-hour conference call 2015-10-30T04:00:00Z When the FTC alleges a pyramid scheme, it cites a law against “unfair or deceptive” practices. Pharaonic creations 2015-10-22T04:00:00Z Conversely, Mr. Ackman’s hedge fund has a major bet that shares of Herbalife will collapse and that the company will be proved to be an unlawful pyramid scheme. Valeant’s Shares Fall on Report’s Fraud Claim 2015-10-21T04:00:00Z The investigation follows a Securities and Exchange Commission complaint accusing founder Steve Chen of running a pyramid scheme. Feds raid digital currency firm accused of bilking investors 2015-10-01T04:00:00Z Heck voted a far-right budget plan that would scrap Medicare; he’s opposed minimum-wage increases; the GOP candidate is a staunch opponent of reproductive rights; and he’s even condemned Social Security as a pyramid scheme. Trump-itis starts to spread down ballot 2015-09-02T04:00:00Z Five Los Angeles-area residents were indicted Thursday on charges of running a $30-million illegal pyramid scheme targeting Chinese American communities in Los Angeles, San Francisco and New York City, authorities said. Five indicted in alleged pyramid scheme targeting Chinese Americans 2015-08-28T04:00:00Z The main debate is whether scant sales to the public make a company a pyramid scheme. Pharaonic creations 2015-10-22T04:00:00Z A federal court temporarily shut down beverage distributor Vemma Nutrition Co. after federal regulators alleged that the company's multilevel marketing operation was an illegal pyramid scheme. Court halts Vemma temporarily on FTC claim that it's a pyramid scheme 2015-08-27T04:00:00Z Not all multilevel marketing companies are pyramid schemes, but you should be skeptical if a company focuses more on recruiting new salespeople than actually selling products. Want to Become a Makeup, Jewelry or Cookware Home Salesperson? 2015-08-25T04:00:00Z A maximally efficient innovation on the traditional pyramid scheme that leaves just one degree of separation between a charlatan and their victims. The New Devil’s Dictionary 2015-08-05T04:00:00Z A pyramid scheme often occurs when participants earn more money by recruiting others to sell products than by selling the products. Judge dismisses 'pyramid scheme' lawsuit versus Herbalife, CEO 2015-07-29T04:00:00Z But the DSA has gone to Congress to fight the idea; it commissioned a report to rebut the notion that meagre retail sales imply a pyramid scheme. Pharaonic creations 2015-10-22T04:00:00Z The review, which is still pending, stemmed from ongoing allegations by New York hedge fund manager Bill Ackman that the company’s multilevel marketing operation amounted to a pyramid scheme that victimized its sales force. Court halts Vemma temporarily on FTC claim that it's a pyramid scheme 2015-08-27T04:00:00Z Migrants who had made the journey to Malaysia began to target relatives and friends, in the style of a pyramid scheme, pocketing large fees as new bodies were fed into the network. A Bangladeshi Town in Human Trafficking’s Grip 2015-07-23T04:00:00Z HLF -0.66 % , partly based on his belief that the firm’s fast-growing Chinese business is illegal and part of a global pyramid scheme. Giant Hedge Fund Bridgewater Flips View on China: ‘No Safe Places to Invest’ 2015-07-23T04:00:00Z "Herbalife openly disclosed that it was susceptible to legal challenge precisely because its practices occupy the gray area between legitimate multi-level marketing company and illegal pyramid scheme," Fischer wrote. Judge dismisses 'pyramid scheme' lawsuit versus Herbalife, CEO 2015-07-29T04:00:00Z Some industry observers want new rules to spot pyramid schemes. Pharaonic creations 2015-10-22T04:00:00Z This isn’t so much a society as a pyramid scheme. Why “libertarians” should love Bernie Sanders 2015-07-20T04:00:00Z But the goop was worthless and the scam became one of the biggest pyramid schemes ever seen in South America. Frenchwoman behind Chile 'magic cheese' scam jailed for three years 2015-07-07T04:00:00Z Many people mortgaged their houses or became heavily indebted to invest in the pyramid scheme, which raked in €14.5m for the scammers. French woman on trial for conning thousands with 'magic cheese' scam 2015-06-08T04:00:00Z He called the nutritional supplements company a “pyramid scheme,” likening its practices to those of the mafia and the Nazis. Herbalife Steps Up Lobbying to Counter Ackman’s Attacks 2015-06-02T04:00:00Z At issue is a simple question: what is a pyramid scheme? Pharaonic creations 2015-10-22T04:00:00Z Koretz’s pyramid scheme, played out against a backdrop of crime and corruption in booming 1920s Chicago, eventually entailed millions of dollars invested in a phony agriculture and oil project on Panama’s Bayano River. Review: ‘Empire of Deception’ con man rivals Madoff, Ponzi 2015-05-18T04:00:00Z Many families mortgaged their houses or became heavily indebted to invest in the pyramid scheme, which raked in 14.5m euros for the alleged scammers. Frenchwoman behind Chile 'magic cheese' scam jailed for three years 2015-07-07T04:00:00Z Unite Here Local 54 is the latest group to ask officials across the United States to probe Herbalife over widespread allegations that it is running a pyramid scheme. Union calls on New Jersey Attorney General to probe Herbalife 2015-05-12T04:00:00Z In December 2012, hedge fund manager Bill Ackman accused the company of operating a pyramid scheme in the way it pays its independent sales people and predicted that regulators would ultimately shut down the company. Herbalife first-quarter profit falls less than expected; stock surges 2015-05-05T04:00:00Z Such figures suggest this is a poor way for most people to make money—but they do not make MLMs pyramid schemes. Pharaonic creations 2015-10-22T04:00:00Z Canalys CEO, Steve Brazier, stated that, in his view, no one in the public cloud world is profitable and the public cloud market resembles a pyramid scheme with: On That AWS Looming Crisis And How Wrong Analysts Can Be 2015-04-27T04:00:00Z Like most pyramid schemes the scam relied on rapid growth, with initial investors telling their friends, neighbours and family about its profitability and getting them to join. Frenchwoman behind Chile 'magic cheese' scam jailed for three years 2015-07-07T04:00:00Z The lawsuit, filed last year in federal court in Los Angeles, alleged that Herbalife operated a pyramid scheme that victimized its independent salespeople. Herbalife stock price jumps after judge tosses shareholder lawsuit 2015-03-18T04:00:00Z Ackman, who runs Pershing Square Capital Management, bet heavily against the company’s stock, describing it as a pyramid scheme. Supplement company Herbalife sees pyramid-scheme suit tossed 2015-03-18T04:00:00Z Ackman, who runs Pershing Square Capital Management, bet heavily against the company's stock, describing it as a pyramid scheme. Supplement company Herbalife sees pyramid-scheme suit tossed 2015-03-18T04:00:00Z Ultimately, as happens with every pyramid scheme, the new investors become outnumbered by the old investors — whereupon, the old investors aren’t paid, commence an investigation, and the scheme collapses. The Fifth Circuit Slices The Golf Channel Into The Pond 2015-03-18T04:00:00Z Since they're operating with 19th century information, it's not surprising that some fell for a pyramid scheme constructed for that same era. The Pigeon King and the Ponzi Scheme That Shook Canada 2015-03-06T05:00:00Z Fish require a multilevel ecosystem—the bioenergetic equivalent of a financial pyramid scheme. Earthly Extremophiles Prompt Speculation about Alien Life 2015-02-03T05:00:00Z Ackman, who accuses Herbalife of being a pyramid scheme, is waging a battle to shut the maker of diet supplements and profit from a drop in its share price. SEC dropping Herbalife insider-trading case after witnesses leave U.S. In March, the Federal Trade Commission said it was investigating claims that the company's structure operates essentially as a pyramid scheme that victimizes many of its independent salespeople. Herbalife CEO boosts his stake in struggling company 2014-11-25T05:00:00Z Herbalife has faced a bruising attack from activist investor Bill Ackman, who has argued for nearly two years that the company operates an illegal pyramid scheme and should be closed by regulators. Herbalife misses profit target for second quarter in a row 2014-11-03T05:00:00Z Herbalife has faced a bruising attack from activist investor Bill Ackman, who has argued for nearly two years that it operates an illegal pyramid scheme and should be closed by regulators. Herbalife third-quarter results disappoint Wall Street 2014-11-03T05:00:00Z A bumpy introduction to capitalism in the 1990s included a massive pyramid scheme disaster and political conflict with its neighbour Serbia over the disputed region of Kosovo. The Land That Time Remembered: 'Investable' Albania Heads For EU Accession 2014-11-03T05:00:00Z Or, to bring it back to Mr. Ackman, consider the time he waged an attack on Herbalife, the nutritional supplement company, arguing it was a pyramid scheme. A $90 Million Condo Flip Shows What’s Wrong With Financial Capitalism 2014-10-27T04:00:00Z But Mike White, a geneticist at Washington University School of Medicine in St. Louis, Missouri, argued in a blog post that Marder was “perpetuating the PhD pyramid scheme”. Pros and cons of the PhD glut 2014-10-21T04:00:00Z But Mike White, a geneticist and instructor at Washington University School of Medicine in St. Louis, Missouri, argued in a blog post that Marder was “perpetuating the PhD pyramid scheme”. How not to deal with the PhD glut 2014-10-21T04:00:00Z Nutrition company Herbalife Ltd., which has battled allegations that its business model amounts to an illegal pyramid scheme, reported disappointing third-quarter earnings that missed analysts' expectations as well as its own forecast. Herbalife third-quarter results disappoint Wall Street 2014-11-03T05:00:00Z Herbalife earlier this year said it was being investigated by the FTC following allegations that the company was a pyramid scheme. Exclusive: Herbalife hires former U.S. regulator to head compliance team 2014-10-06T04:00:00Z While multilevel marketing is legal, the Federal Trade Commission and Securities and Exchange Commission warn that pyramid schemes often operate under the guise of multilevel marketing programs. Reyes outraises Stormont in attorney general race 2014-09-03T04:00:00Z I no longer perceive these types of opportunities as money-making pyramid schemes. Would You Join A Multi-Level Marketing Company For Retirement Income? 2014-08-29T04:00:00Z "No pyramid scheme would ever be able to sustain such a policy," said Mariano, the association president. Sometimes, life is like a box of cacao products Excluding one-time expenses, such as the cost of its aggressive defense against critics who say it operates an illegal pyramid scheme, Herbalife posted earnings of $1.55 a share. Herbalife stock plunges after earnings miss estimates 2014-07-28T04:00:00Z Herbalife is reportedly under investigation by the Federal Trade Commission, the Department of Justice, the FBI, and at least two state attorney generals over allegations that the company’s business model is a predatory pyramid scheme. Herbalife Hires Biden's Former Chief of Staff 2014-07-25T04:00:00Z The company also released results from an economic analysis showing that it's not a pyramid scheme as Ackman asserts. Ackman says Herbalife nutrition clubs lose $12,000 on average 2014-07-22T04:00:00Z A few hedge funds like to kick up a similar stink—most notably Bill Ackman’s Pershing Square, which is out to prove that Herbalife, a nutritional-supplements firm, is a pyramid scheme. Got ’em, Gotham 2014-07-10T04:00:00Z But without a clear standard for identifying pyramid schemes, critics argue, prosecuting even unambiguously fraudulent companies is difficult. Sometimes, life is like a box of cacao products In many ways the referendum was run like a pyramid scheme. Strange but also normal 2014-05-15T04:00:00Z Three federal agencies and one billionaire hedge fund manager have placed Herbalife under the microscope, scrutinizing whether the diet-supplements company is a pyramid scheme. DealBook: U.S. Looks Into Wagers, Pro and Con, on Herbalife 2014-05-02T01:44:27Z Ackman accused Herbalife of operating an illegal pyramid scheme and spent about $50 million to investigate the company, lobby regulators to close it and host public presentations to level their allegations. Ackman says Herbalife nutrition clubs lose $12,000 on average 2014-07-22T04:00:00Z Several civil rights groups have charged that Herbalife is a pyramid scheme, which is a company that makes more money from signing up recruits than from selling products or services to retail customers. Herbalife punished 600 distributors for medical claims: ABC News 2014-04-24T00:07:52Z In the controversy over multilevel marketing, the central question is whether the companies are fraudulent pyramid schemes. Sometimes, life is like a box of cacao products Madigan's office was urged to look into the company months ago by civil rights groups, which claimed it was a pyramid scheme targeting minorities. Illinois investigates Herbalife as federal, state probes grow 2014-04-17T19:09:16Z The S.E.C., which has placed a renewed emphasis on pyramid schemes, would have to demonstrate that Herbalife misused money or misled investors about potential returns. DealBook: U.S. Looks Into Wagers, Pro and Con, on Herbalife 2014-05-02T01:44:27Z The enquiry was triggered by a report in the state-run People's Daily newspaper which claimed that Nu Skin operated a "suspected illegal pyramid scheme" in the country and brainwashed staff. US firm gets $540,000 China fine 2014-03-24T18:01:50Z Ackman has called on regulators to investigate Herbalife's distribution model which he calls a "pyramid scheme," where a company makes most of its money by recruiting distributors rather than selling products to real customers. Ackman to renew attack on Herbalife with aim on China business 2014-03-10T22:24:18Z But Mr. Ackman’s attack is unprecedented in its scale, and Herbalife officials strongly deny his accusations that the company is a pyramid scheme that stays afloat by constantly recruiting new distributors. Staking $1 Billion That Herbalife Will Fail, Then Lobbying to Bring It Down 2014-03-10T03:58:40Z That amount is dwarfed by the nearly $2 million Herbalife spent in 2013 on federal lobbying as the nutrition and weight loss company fought the billionaire investor's claims it runs a pyramid scheme. Ackman outspent by Herbalife in lobbying battle 2014-03-09T19:03:33Z His book “Fed Up!” was a sampler of Perryisms that made him an easy target, from calling Social Security an unconstitutional pyramid scheme to declaring all bank regulation “unconstitutional.” Oops, he’s running again! Rick Perry wows CPAC 2014-03-07T16:33:00Z The company vehemently denies claims that it runs a pyramid scheme or that its distributors earn more for attracting new members than for selling its products to the public. FTC says considering lawmaker's concerns about Herbalife 2014-02-28T23:09:23Z The company sent a letter dated February 18 in which it denied accusations it is running a pyramid scheme. Herbalife executives head to DC to explain business model 2014-02-20T22:13:55Z “Herbalife is a complex and abusive pyramid scheme,” the letters each said. Staking $1 Billion That Herbalife Will Fail, Then Lobbying to Bring It Down 2014-03-10T03:58:40Z In an illegal pyramid scheme members earn more for recruiting new members into the scheme than for selling the products outside the network. Ackman outspent by Herbalife in lobbying battle 2014-03-09T19:03:33Z Mr. Ackman called the company — a distributor of nutrition supplements, herbal teas and other products — a pyramid scheme. DealBook: In Yearlong Clash Over Herbalife, Innuendo Trumps Clarity 2014-02-04T21:08:54Z Ten years ago Stoltz and her sister, Marilyn Thom, pleaded guilty to running a pyramid scheme and promised to say how much money distributors actually earned and not become involved with such businesses again. Ackman questions Herbalife recruiting tactics on new website 2014-02-03T19:10:34Z Herbalife has repeatedly denied running a pyramid scheme, a model in which participants are paid solely to recruit more members into the scheme. Herbalife executives head to DC to explain business model 2014-02-20T22:13:55Z The company denies that it’s a pyramid scheme, as does . Ackman's Losing Bet on Herbalife Looks Up After Chinese Probe 2014-01-17T15:17:20Z Nearly a year ago Ackman surprised Wall Street with his very public claim that Herbalife is a pyramid scheme and would eventually be shut down by regulators. Herbalife's new audit deals fresh blow to Ackman 2013-12-16T22:15:02Z The judge wrote that pyramid schemes are inherently fraudulent because they must eventually collapse. U.S. judge denies Herbalife's motion to dismiss distributor's case 2013-10-15T20:28:00Z A pyramid scheme occurs where a company's sales team earns more for finding new distributors than they get for selling the product. Herbalife billionaire brawl puts spotlight on N.J. professor 2013-08-30T01:05:09Z Mr. Ackman is a dominant figure in financial headlines and has made a public bet against Herbalife, the nutritional supplement company that he contends is a pyramid scheme. DealBook: In N.Y. Mayoral Race, Small Checks From Hedge Fund Giants 2013-08-28T21:49:19Z Ackman has made a $1 billion bet that the nutritional supplements company is a pyramid scheme and that its shares would fall. CIT cuts off credit to some J.C. Penney vendors: source 2013-08-01T00:05:39Z In December, Ackman disclosed that Pershing sold short more than 20 million shares of , alleging that the weight-loss company was nothing but a pyramid scheme; the stock is up 90 percent this year. Bill Ackman's $2 Billion Bet 2013-07-31T18:23:42Z He also invested with Bernard Madoff, the financier later convicted of operating a huge pyramid scheme. Marc Rich, 'King of Oil' pardoned by Clinton, dies at 78 2013-06-26T21:05:08Z Ackman then may be better able to stand by his conviction that Herbalife is a pyramid scheme that generates most of its revenues from sales to its network of distributors and not from outside consumers. Analysis: Ackman can withstand a "short squeeze" rally in Herbalife 2013-02-06T12:13:46Z Last week, the Federal Trade Commission, along with some state attorneys general, moved to shut down Fortune Hi-Tech Marketing, accusing it of being a pyramid scheme. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z “Structured procrastination requires a certain amount of self-deception, because one is in effect constantly perpetrating a pyramid scheme on oneself,” he writes. Findings: Positive Procrastination, Not an Oxymoron 2013-01-14T19:45:17Z "I think they did a good job of helping people understand what a pyramid scheme is and why it is not one," D.A. Herbalife defends its honor as Ackman presses case 2013-01-10T20:17:30Z The reason is based on a decision from the 1970s by the F.T.C. that rejected claims that Amway was a pyramid scheme. DealBook: What's at the Center of the Debate Over Herbalife 2013-01-10T18:23:55Z Herbalife has denied Ackman's claim it is pyramid scheme and said the company is "financially strong and successful" and operates in 88 markets around the world after 32 years in business. Analysis: Ackman can withstand a "short squeeze" rally in Herbalife 2013-02-06T12:13:46Z February 4, 2013, 8:51 pm Seeking a Company’s Elusive Sales Data Prominent Wall Street investors are arguing acrimoniously over whether the nutritional supplements company Herbalife is a pyramid scheme. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z But does a low compensation rate make Herbalife an illegal pyramid scheme? Is Herbalife a Pyramid Scheme, the Target of Market Manipulation, or Just a Good Gripping Yarn? 2013-01-09T18:31:16Z Some have sided with Mr. Ackman's contention that federal regulators will eventually rule Herbalife a pyramid scheme and shut it down. DealBook: Fund Titans Battle Over Herbalife 2013-01-09T15:29:18Z Is Herbalife a pyramid scheme as Mr. Ackman alleges and the nutritional supplements company heatedly denies, or is it a growth business model as Mr. Loeb seems to be betting? DealBook: What's at the Center of the Debate Over Herbalife 2013-01-10T18:23:55Z On Wednesday, Herbalife Chief Executive Michael Johnson said Ackman's charge about being a pyramid scheme was "bogus," and he criticized Ackman for using a public attack on his company to benefit his "business model." Herbalife is "pyramid scheme": Pershing Square's Ackman 2012-12-20T16:27:07Z It would be hard to call the company a pyramid scheme if it disclosed that, say, 80 percent of its final sales were to customers, rather than new sales representatives. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z Eventually, a genuine pyramid scheme must collapse under its own weight, as it runs out of new people to scam. Is Herbalife a Pyramid Scheme, the Target of Market Manipulation, or Just a Good Gripping Yarn? 2013-01-09T18:31:16Z With few retail sales, he argues, the company qualifies as a pyramid scheme that the Federal Trade Commission is obligated to shut down. DealBook: Fund Titans Battle Over Herbalife 2013-01-09T15:29:18Z All of this reminds me of the “Magic Bean Scheme” which was a pyramid scheme run in my native Oklahoma by some creative scammers. You Can't Fix Stupid: The Iraqi Dinar Scam Lives 2012-10-04T19:07:40Z The last time the Parliament voted to expel one of its members was in 1995, against Sergei Mavrodi, the founder of a notorious pyramid scheme that bankrupted vast numbers of investors. Russian Parliament Expels Gennadi V. Gudkov, a Putin Opponent 2012-09-14T13:38:44Z In theory, an abusive pyramid scheme that produces scores of failed recruits should generate a steady stream of complaints. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z In 2007, the city was roiled by a scandal over a pyramid scheme involving the sale of costly ant farms that were supposedly breeding ants to be used in the production of an aphrodisiac. Shenyang Journal: Suspicions Cloud Shenyang’s Preparations for China’s National Games 2012-08-29T22:52:57Z “I refer to it as a pyramid scheme,” said Paula Stephan, a Georgia State University economist and author of “How Economics Shapes Science,” published in January by Harvard University Press. Rise in Scientific Journal Retractions Prompts Calls for Reform 2012-04-16T18:48:10Z Time and time again, I’ve watched as the victims of pyramid schemes continue to believe that they are about to get rich even as the perpetrators went to jail. You Can't Fix Stupid: The Iraqi Dinar Scam Lives 2012-10-04T19:07:40Z And some writers are reluctant to post entire books because of fears of piracy; Mr. Murong said he had not posted his last book, a nonfiction work about a pyramid scheme, for that reason. Culture and Control: Murong Xuecun Pushes Censorship Limits in China 2011-11-07T01:26:23Z In its home state of Kentucky, Fortune Hi-Tech Marketing, which was accused of being a pyramid scheme, received only about a dozen official complaints since 2008, according to the office of the state attorney general. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z The offshoot group Occupy Museums posted a manifesto that explained: The game is up: we see through the pyramid schemes of the temples of cultural elitism controlled by the 1%. Blog: Occupy Wall Street 2011-10-24T13:34:40Z After reading from a text, which called museums a “pyramid scheme” in which “the wealthiest one hundredth of one percent claim ownership of culture,” the Occupy Museums group opened the floor to supporters to speak. ArtsBeat Blog: Taking the Protests to the Art World 2011-10-21T16:54:06Z Some of these corporations are basically little more than pyramid schemes. Science and Skepticism: The Importance of Evidence-Based Health Tips 2011-10-14T16:16:45Z With this in mind, a stunt like that of Mr. Camping would shock its victims on a much deeper, more personal level, unlike a pyramid scheme or email scam. Doomsday, Apocalypse, and Rapture, Oh my! 2011-10-07T12:45:07.043Z Investors are betting on the extremes: Herbalife is a pyramid scheme or it is not. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z “Its structure, logic and mode of operation have nothing in common with Ponzi schemes or chain letters or pyramid schemes.” Perry’s Ponzi-Talk Implies Fraud in Long-Popular Social Security 2011-09-09T10:21:07Z The collapse of the pyramid scheme in November 2008 led to widespread street protests by investors across Colombia. US sentences Colombian fraudster 2011-07-09T00:07:29Z The Federal Trade Commission has compared multilevel marketing to a pyramid scheme, and for all Ridinger's innovations on the concept, it still promises much more than it delivers. Market America's American Dream Machine 2011-06-23T21:00:00Z Mr Stanford is facing trial over allegations that he ran a pyramid scheme based in Antigua which defrauded investors. Stanford 'unfit for fraud trial' 2011-01-27T00:20:18Z Still, pyramid schemes may not produce large numbers of complaints. DealBook: Seeking Herbalife's Elusive Sales Data 2013-02-05T01:51:38Z That kind of candor is what sets Mavrodi's game apart from your average pyramid scheme. Why is Russia's Answer to Bernie Madoff Back in Business? 2011-01-16T21:45:00Z Told that his research — harnessing the phenomenon of hybrid vigor to harvest endless tomatoes — sounded like a pyramid scheme, Dr. Lippman played along. Tomato Researcher?s Goal Is Hyper-Productive Seeds 2010-08-21T06:57:00Z In fact, I.C.C. was operating a classic pyramid scheme: money from one investor was used to pay another. Ponzi Scheme May Unmoor Benin, an Anchor of Stability 2010-08-19T01:31:00Z Speculation depends upon a constant supply of ever more indebted buyers – a pyramid scheme, whose final collapse is inevitable. Letters: High house prices not caused by shortage 2010-08-13T23:06:00Z Like many people, I encountered my first pyramid scheme in the form of a chain letter. Numberplay: The Pyramid of Shame 2010-07-12T17:15:00Z Joshie got it at auction for a mere eighty thousand dollars when the congregation folded after being bamboozled by some kind of Jewish pyramid scheme years ago. Gary Shteyngart: “Kokiri.” 2010-06-07T04:00:00Z In a pyramid scheme, new clients are recruited to pay money and to recruit ever more clients to sustain itself. South African police bust HIV/AIDS pyramid scheme 2010-05-11T18:02:00Z Unfortunately, few politicians – with the notable exception of Vince Cable – propose to do anything about this nationwide pyramid scheme. Another dangerous property boom 2010-04-29T20:00:00Z The Federal Trade Commission investigated it for running a pyramid scheme, but concluded the charges were unwarranted. Why Amway and China Are a Good Fit 2010-04-08T21:00:00Z Understanding why pyramid schemes don’t work is an important part of being financially wise, and I imagine most readers are familiar with all this. Numberplay: The Pyramid of Shame 2010-07-12T17:15:00Z This pyramid scheme resulted in a stock market crash around 1904 and the World Disaster Stock Crash of 1929 or Black Thursday. How to Enroll 30 Million in Health Insurance 2010-03-29T22:03:00Z Hacker conspiracies in China are structured like multi-level sales networks and even pyramid schemes, he said, not tight-knit criminal gangs that write "technically clean" code designed from the ground up. People's Republic of Hacking 2010-02-20T02:50:00Z International observers judged elections to be largely free and fair since the restoration of political stability following the collapse of pyramid schemes in 1997. The 2008 CIA World Factbook Despite some lingering problems, international observers have judged elections to be largely free and fair since the restoration of political stability following the collapse of pyramid schemes in 1997. The 2005 CIA World Factbook Internet journalism, written by option-holding employees of media conglomerates, moved from the culture section to the business pages and the dot.com pyramid scheme became the dominant new media story. Open Source Democracy They went the way of other, less pious, pyramid schemes. Crime and Corruption The first one erupted after the life savings of one third of the population were squandered by a cronyist group of investment houses in pyramid schemes. After the Rain : how the West lost the East International observers judged elections to be largely free and fair since the restoration of political stability following the collapse of pyramid schemes in 1997. The 2008 CIA World Factbook Despite some lingering problems, international observers have judged elections to be largely free and fair since the restoration of political stability following the collapse of pyramid schemes in 1997. The 2005 CIA World Factbook Like any good pyramid scheme, everyone was in on it. Open Source Democracy Studies repeatedly demonstrated that investors in pyramid schemes realize their dubious nature and stand forewarned by the collapse of other contemporaneous scams. Crime and Corruption Intricate webs of village and family loyalties were tested to the limit in affairs such as TAT, the collapse of a savings bank in a pyramid scheme in which some top level officials were implicated. After the Rain : how the West lost the East For example, the "Make Money Fast" pyramid scheme exceeded a BI of 20 a long time ago, and is now considered "cancel on sight". The Jargon File, Version 4.2.2, 20 Aug 2000 Even healthy banks - a distant relative of pyramid schemes - cannot cope with such stampedes. Crime and Corruption By definition, pyramid schemes are doomed to failure. Crime and Corruption Ponzi and pyramid schemes have been a fixture of Western civilization at least since the middle Renaissance. Crime and Corruption The latest example of the price paid by whole nations due to failed pyramid schemes is, of course, Albania 1997. After the Rain : how the West lost the East Since then, pyramid schemes have evolved into intricate psychological ploys. After the Rain : how the West lost the East This specific pyramid scheme - arguably, the longest in history - lasted 7 years. After the Rain : how the West lost the East This specific incident highlights another important attribute of pyramid schemes: investors are promised impossibly high yields, either by way of profits or by way of interest paid. After the Rain : how the West lost the East A lot of the money that pours into pyramid schemes and stock exchange booms is laundered, the fruits of illicit pursuits. Crime and Corruption They stand warned by the collapse of other pyramid schemes, sometimes in the same place and at the same time. After the Rain : how the West lost the East |
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